Do markets crowd out virtues? An aristotelian framework

Journal of Business Ethics 91 (1):1 - 19 (2010)
Abstract
The debate on the influence of markets on virtues has focused on two opposite hypotheses: the doux commerce thesis and the self-destruction thesis. Whereas the doux commerce hypothesis assumes that capitalism polishes human manners, the self-destruction hypothesis holds that capitalism erodes the moral foundation of society. This paper will develop a more balanced position by using the virtue ethics developed by Aristotle, which distinguishes several virtues. The research will focus on the question for which virtues the doux commerce or self-destruction thesis is likely to hold. An extensive literature survey shows that market competition tends to stimulate diligence, crowd out temperance, generosity, and sociability, and stimulate envy. The effect on other virtues – i.e. courage, high-spiritedness, justice, and prudence – is ambiguous.
Keywords Aristotle  capitalism  competition  doux commerce thesis  free market  market operation  self-destruction thesis  virtue ethics
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  • Through your library Configure
    References found in this work BETA

    View all 13 references

    Citations of this work BETA

    View all 10 citations

    Similar books and articles
    Analytics

    Monthly downloads

    Added to index

    2009-04-20

    Total downloads

    20 ( #71,683 of 1,088,831 )

    Recent downloads (6 months)

    1 ( #69,665 of 1,088,831 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.